Company registration number 07477803 (England and Wales)
VARDAR SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
VARDAR SYSTEMS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
VARDAR SYSTEMS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VARDAR SYSTEMS LIMITED FOR THE YEAR ENDED 31 MARCH 2022
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VARDAR Systems Limited for the year ended 31 March 2022, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation
This report is made solely to the
b
oard of
d
irectors of VARDAR Systems Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of VARDAR Systems Limited and state those matters that we have agreed to state to the
b
oard of
d
irectors of VARDAR Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VARDAR Systems Limited and its
b
oard of
d
irectors as a body, for our work or for this report.
It is your duty to ensure that VARDAR Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit
of VARDAR Systems Limited. You consider that VARDAR Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of VARDAR Systems Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Paish Tooth Limited
22 December 2022
Chartered Accountants
35 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
VARDAR SYSTEMS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
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2022
2021
£
£
£
£
Fixed assets
141,859
31,584
Current assets
44,086
41,354
Prepayments and accrued income
54,112
62,978
Creditors: amounts falling due within one year
(70,589)
(57,339)
Net current assets
27,609
46,993
Total assets less current liabilities
169,468
78,577
Creditors: amounts falling due after more than one year
(100,982)
(29,202)
Accruals and deferred income
(14,439)
(17)
Net assets
54,047
49,358
Capital and reserves
54,047
49,358
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year the director entered into the following advances and credits with the company:
Advances to the director - £55,309 (2021 - £61,677
)
Amounts repaid - £90,500 (2021 - £125,200
)
The above advances are repayable on demand and interest is charged at the official rate.
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2022
2021
Number
Number
Employees
3
1
VARDAR Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is 35 Rodney Road, Cheltenham, Gloucestershire, GL50 1HX.
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
VARDAR SYSTEMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 December 2022
A Parker
Director
Company Registration Number 07477803
VARDAR SYSTEMS LIMITED
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The following pages do not form part of the statutory accounts